Xiaomi drops in debut as investors question Internet vision

Xiaomi CEO and co-founder Lei Jun acknowledged the unfortunate timing in a letter to employees Sunday that said, "Our IPO also comes with huge challenges and heavy responsibilities".

"Trading below the issue price suggested that investors still felt the valuation of the stocks was relatively high compared with (fellow Chinese giant) Tencent and Apple", Linus Yip, chief strategist at First Shanghai Securities, told Reuters.

China's Xiaomi, the world's fifth biggest seller of smartphones, made an underwhelming public debut after it hit the Hong Kong Stock Exchange amid concerns around an ongoing trade war between the USA and China.

Its shares fell Monday even though the broader Hong Kong market was up about 1.5%.

Xiaomi's float was the first under the city's new rules allowing firms to weight voting rights in favor of company founders, as part of efforts to encourage more tech groups to choose Hong Kong over NY, its arch-rival. Goldman Sachs Group Inc., Morgan Stanley and CLSA Ltd. are leading Xiaomi's IPO as joint sponsors.

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It is understood he was rushed to Saint John II Hospital in Olbia with minor injuries but has since been discharged from ER. Clooney is staying on the Italian island to film a Hulu mini-series based on the classic Joseph Heller novel Catch-22.

Wales global Harry Wilson has signed a long-term extension with Liverpool after starring for the club's under-23 side. Wilson is likely to be allowed to move on a temporary basis before the transfer window closes.

The US is planning to implement 25 per cent tariffs on a further $US16 billion worth of Chinese imports within the next fortnight. The Trump administration announced plans to levy tariffs on another $200 billion of Chinese goods as trade tensions escalate.

A longtime court settlement says children who cross the border illegally can not be detained for more than 20 days. But on Monday, she said nine were removed from the United States and an additional nine were released here.

Republicans changed the Senate's rules past year to allow them to confirm a Supreme Court justice with a simple majority vote. Still, they could try to sour the hearings by attacking Kavanaugh and trying to complicate the proceedings whenever possible.

In the last generation, they have relied on the Supreme Court to legislate for them. "My judicial philosophy is straightforward. And a judge must interpret the Constitution as written, informed by history and tradition and precedent".

As a result, Trump found more than twice as many judicial vacancies waiting for him when he entered the White House as Obama did. Judge Thomas Hardiman is a USA appeals court judge that The Washington Post reports is a "Second Amendment extremist".

LeBron James is apparently pretty excited about the Los Angeles Lakers' young players, which should not be too surprising. We'd been going through so many scenarios, also meeting with Jeanie, talking about what we thought would be important.

The crash reportedly went down just after 8:00 a.m. - local time - when a auto cut across the path George was taking on the road. George , 57, was reportedly found lying injured on the road, having badly hurt his pelvis and bruised both his arms and legs.

Ross Barkley, Pedro, Cesc Fabregas, Tiemoue Bakayoko Marcos Alonso and David Luiz were among the big names to have returned. Chelsea's players remain unclear on who will take training when the technical work begins .

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